Jun 18, 2026 · 6 min
Intel surges on Apple chip deal while Kroger slips on tight budgets
Intel-Apple Deal; Smith and Wesson Rises; Rumble Jumps
The market is rewarding domestic industrial partnerships and defense manufacturing while punishing consumer-facing retail as household budgets tighten.
- 1Intel shares jumped nine percent after Donald Trump announced a domestic semiconductor manufacturing partnership with Apple.
- 2Kroger stock dropped eight percent as cash-strapped shoppers prioritize basic grocery necessities over discretionary items.
- 3Smith and Wesson rallied fifteen percent following a massive twenty-seven percent surge in quarterly revenue.
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Intel shares surge nine percent on the news of a domestic manufacturing partnership with Apple and a ten percent government ownership stake.
The brief
Intel shares surged nearly nine percent following an announcement by President Donald Trump that Apple has agreed to work with the chipmaker to design and build semiconductors domestically.
The deal highlights a deepening relationship between the tech sector and Washington, underscored by the federal government taking a ten percent ownership stake in Intel to secure domestic supply chains.
Meanwhile, consumer retail is showing signs of strain. Kroger shares tumbled eight percent despite beating sales expectations, as households tighten budgets and prioritize basic grocery necessities over discretionary spending.
In contrast, firearm manufacturer Smith and Wesson rallied fifteen percent on the back of a twenty-seven percent revenue spike, driven by robust demand for its new handgun products.
What was said on this episode
8 statements · 7 positive · 1 mixed
Apple partnership is a major win and may attract additional Intel customers.
“It's a massive win for the company and could potentially attract other businesses to do the same thing.”
Listen at 1:23
The Apple partnership is a key component of Intel’s comeback plan.
“It's, it's a key piece of the company's comeback plan really.”
Listen at 1:31
Intel stock has risen 230% year-to-date and 460% over twelve months.
“Stock's up year to date, 230. 30% over the trail in 12 months. Up 460.”
Listen at 1:57
Kroger’s same-store sales grew 1%.
“Kroger said same store sales grew 1%.”
Listen at 2:35
Smith & Wesson’s revenue increased 27% last quarter.
“The gun maker posting a 27 jump in revenue last quarter.”
Listen at 3:39
New handgun products helped Smith & Wesson gain market share.
“New products, especially handguns, helping the company gain market share here.”
Listen at 3:42
Smith & Wesson’s sales remain strong.
“sales remain strong.”
Listen at 4:05
Smith & Wesson’s inventory declined while it raised prices.
“Inventory levels declined even as the company raised prices.”
Listen at 4:06
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.
Intel Corporation
Apple Inc.
Donald John Trump
Smith & WessonListen to the full episode and explore every guest, topic, and moment on PodLume.